Startups showcase ideas seeking angel investors

by index360

Islamabad: Some top National Incubation Center program startups on Friday showcased their success stories in front of emerging students who are willing to pursue their career in digital entrepreneurship.

Two startups from every NIC i.e. Islamabad, Lahore, Peshawar, Karachi and Quetta were invited, who showcased their business ideas and unveiled the secret of their success in a short span of time.

These ten startups have accumulatively obtained investment commitments of Rs276 million besides generating revenue of Rs77 million.

Syed Amin Ul Haque, Minister for IT & Telecom, on the occasion said that today’s activity highlights the focus of present government on entrepreneurship that leads to solving socio-economic problems by the youth besides creating jobs and generating revenue for the country.

“Each one of these founders took the difficult path to chalk out their own destiny rather than going through the rat race of 9 to 5 working hours. Our Prime Minister is a vivid example of an entrepreneur who made things possible against all odds”, Haque said.

As per details, NIC Islamabad startup S-tech has developed different applications for HR management, traffic monitoring and crowd flow management, whereas ‘Opportunities Circle’ provides multiple academic and career opportunities to students through online platform.

NIC Peshawar startup Tutors Gateway offers online platform connecting tutors with students. Zama School offers an interactive mobile solution connecting parents, teachers, students and school administration.

NIC Karachi startup Encore-Pay provides seamless digital payment service across a multitude of businesses, whereas Hukum Janab offers safe and easy to order indoor and outdoor repair/maintenance services.

NIC Lahore startup Aero Engine Craft eliminates contrails that cause up to 20% of global warming, while SE Drop recycles industrial waste water to remove high amount of arsenic, fluorides, and nitrates.

NIC Quetta startup Gul-Tech Pvt Ltd protects coal miners against poisonous gases while Khan Mart is an online platform that delivers premium quality dry fruits at your doorstep.

Ignite National Technology Fund Chief Executive Officer Junaid Imam at the occasion urged the students to come up with innovative ideas to participate in the cohort induction pitches of NIC Program incubators. He said these spaces offer world class learning environment and mentorship that provide excellent opportunity to hone the entrepreneurial talent of the youth.

Speaking at the occasion Prof. Dr. Vali Uddin Vice Chancellor Sir Syed University of Engineering and Technology thanked the IT Minister for providing an opportunity to students of his university, to come across variety of innovative ideas and successful entrepreneurs. He asked his students not to get inhibited by the fear of unknown.

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